Conveyance of Properties. On the terms and subject to the conditions set forth in this Agreement, at Closing, as hereinafter defined, Seller shall sell, convey and assign to Buyer, and Buyer shall buy and accept from Seller, subject to the Permitted Encumbrances, as hereinafter defined, the nineteen (19) properties (individually a "Property" and collectively the "Properties") more particularly described on Schedule 1, attached hereto, including:
Conveyance of Properties. OLD KINGS shall convey to the CITY by special warranty deed, in an insurable form acceptable to the CITY, the fee title to the New Right of Way free and clear of all liens, encumbrances and restrictions, not later than fifteen (15) days from the date this Agreement becomes effective.
Conveyance of Properties. On the terms and subject to the conditions set forth in this Agreement, at Closing, as hereinafter defined, Seller shall sell, convey and assign to Buyer, and Buyer shall buy and accept from Seller, subject to the Permitted Encumbrances, as hereinafter defined, each of the fifteen (15) restaurant properties (each individually a "Property" or "Real Property" and collectively the "Properties") more particularly described as follows:
Conveyance of Properties. 2.1 Commonwealth hereby grants and conveys to GHC all of Commonwealth's rights, title and interest in and to the Property described in Schedule "B" attached hereto. Upon the execution of this Agreement, Commonwealth will execute and deliver to GHC quitclaim deeds and assignments of leases, and any other documents that may become necessary to fully convey the property interests described herein and complete the registration of said transfers with all required authorities or agencies. If subsequent documents are required to complete such transfers, Commonwealth shall promptly prepare or execute or both such documents upon the written request of GHC. GHC understands that Commonwealth is in the process of quieting title to the Shamrock unpatented mining claim, and that Commonwealth will complete the quiet title action in its own name and at its sole expense before conveying title therein to GHC.
Conveyance of Properties. 8 2.2 Limitations.....................................................10 Article 3 CONSIDERATION...................................................10 3.1 Consideration...................................................10 3.2 Cash Consideration Payment......................................10 3.3 Delivery and Facilitation of Stock Consideration................10 3.4 Consent to Allocation/Division of Consideration.................11
Conveyance of Properties. Subject to the terms and conditions of this Agreement, each Seller agrees to assign, convey, and deliver to Buyer, and Buyer agrees to acquire and take receipt from each Seller at the Closing the
Conveyance of Properties. On the terms and subject to the conditions set forth in this Agreement, at Closing (as hereinafter defined), Seller shall sell, convey and assign to Buyer, and Buyer shall buy and accept from Seller, subject to the Permitted Encumbrances (as hereinafter defined), good and indefeasible title in fee simple to thirty (30) parcels of land described on SCHEDULE 1 attached hereto, on which Grandy's restaurants are located (collectively the "Land"), together with all rights and interests appurtenant thereto, including Seller's right, tide, and interest in and to all adjacent streets, alleys, rights-of-way and any adjacent strips or gores of real estate (together with the Land, collectively, the "Properties"; each a "Property"), but excluding any interest of Seller in the buildings, structures, fixtures, improvements and personal property located on the Land (the "Improvements").
Conveyance of Properties. 1.1 At any time following the entry of a Final Order (hereinafter defined) by the U.S. Bankruptcy Court for the District of Maryland, Southern Division (the "Bankruptcy Court") as more fully set forth in Section 6.5 below confirming the Plan of Reorganization (hereinafter defined) for the "75th Avenue Headquarters" (as defined on Exhibit B-2) or at any time following the occurrence of any event which makes Bankruptcy Court approval unnecessary, Purchaser may elect to have Seller
Conveyance of Properties. Upon receipt by GE CAPITAL of a Deficiency Payment with respect to any of the Deficiency Properties, GE CAPITAL shall assign all of its right, title and interest in and to such Deficiency Property to RTI or RTI's designee. GE CAPITAL further agrees that upon GE CAPITAL's acquisition of SRG's interest in the trade and service marks described on Exhibit "C" attached hereto (collectively, the "Trade Marks"), GE CAPITAL shall grant to RTI a paid up, royalty-free license to use the Trade Marks which are necessary for RTI to operate a restaurant at each of the Deficiency Properties. SRG agrees that on demand by RTI after the payment by RTI of a Deficiency Payment, SRG shall assign to RTI all of its right, title and interest in and to the Deficiency Property with respect to which such Deficiency Payment was paid to GE CAPITAL and in the event SRG is the owner of any of the Trade Marks, SRG shall grant to RTI a paid up, royalty-free license to use the Trade Marks for the operation of a restaurant at each such Deficiency Property.
Conveyance of Properties. Seller shall execute, acknowledge and deliver the conveyance attached hereto as Exhibit I (“Conveyance”) to Buyer, effective as to runs of oil and deliveries of gas as of 12:01 o’clock a.m., Central Daylight Time on May 1, 2009 (the “Effective Date”).
